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Sainsbury's in Reading

Reading, United Kingdom

74%

£6.772.000

Retail

#34774

Core+

27 Oct 2024

Property Details

Broker

For sale

27,417 sq.ft.

2,547 m²

Gross area

247 £/sq.ft.

2,658 £/m²

9.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Situated in a 100% prime trading location on Broad Street, with neighbouring tenants including Primark, John Lewis, M&S and JD Sports. The property is let to Sainsbury's on FRI terms for a further 4 years. Sainsbury's is the second largest supermarket operator in the UK, with a turnover exceeding £26.69 billion. There are a number of short-term asset management initiatives, including the re-gear of the occupational lease and/or conversion of the upper floors to alternative uses (STPP).